Iran’s new Oil Minister, Javad Owji, met on Thursday with a top official from the China National Petroleum Corporation (CNPC) in Tehran to discuss cooperation and expansion of bilateral relations. Continue Reading
The UK said on Thursday that it would help India’s green growth with a $1.2-billion package of public and private finance as it joined the Climate Finance Leadership Initiative (CFLI) Continue Reading
After recording the worst monthly loss this year in August, the oil markets have kicked off trading in September on a much brighter note on a trifecta of positive developments. Continue Reading
India’s gasoline demand is set to hit a record this fiscal year, with consumption accelerating as more people hit the road for business and leisure travel after easing of COVID-19 Continue Reading
Australia’s conservative government introduced legislation on Thursday that could help clear the way for offshore wind farms to go ahead in a country considered to have massive offshore renewable energy Continue Reading
China’s attempt to curb carbon emissions and conserve electricity while being able to ensure economic growth is wreaking havoc across commodities markets. China’s efforts to thread the needle between an Continue Reading
With Asia expected to contribute around 90 percent of the world’s growing oil demand over the next five years, we are seeing more and more regional partnerships being established. India Continue Reading
Trucked LNG prices in southern China, including Guangdong and Fujian provinces, have surged to around Yuan 6,000/mt ($527.66/mt) in the last couple of weeks, a record high for the summer Continue Reading
India’s economy is growing at a record pace but still digging out from one of the deepest recessions to hit any major economy during the pandemic. The country’s gross domestic Continue Reading
China is cracking down on its private-sector oil refiners in a bid to close tax loopholes and mitigate pollution. Approximately a quarter of the nation’s mammoth refining capacity comes from Continue Reading
Back in April, in the midst of a contentious trade spat and unofficial coal embargo between China and Australia, Oilprice speculated that the winner of the battle may not be Continue Reading
China’s demand for spot crude appears to be recovering after nearly five months of slower purchases caused by a shortage of import quotas, drawdowns from high inventories and COVID-19 lockdowns Continue Reading
China’s top offshore oil and gas producer, CNOOC, has launched the country’s first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more Continue Reading
China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen Continue Reading
The daily average for hospitalized Covid-19 patients in the United States is now more than 100,000. That average, calculated over the last seven days, is higher than in any previous Continue Reading
U.S. officials have begun blocking the import of solar panels that they believe could be products of forced labor in China, implementing a recent ban that could slow the construction Continue Reading
PetroChina has targeted increasing its green energy production and utilization capacity by 3.5 million mt standard coal/year in 2021, as part of its effort to meet emission peak by around Continue Reading
Australia reported a record 1,126 coronavirus infectious on Saturday, the vast majority in New South Wales, the epicenter of the Delta-fuelled outbreak. More than half of Australians have been in Continue Reading
Chinese tech stocks’ best weekly rally since January may not be enough to persuade some investors to return to a market still reeling from an unprecedented private-industry assault. JPMorgan Asset Continue Reading
Wealthy countries are finalizing plans to roll out Covid-19 booster programs to counter the threat from waning vaccine immunity, decisions that will further squeeze the supplies available to the developing Continue Reading
PetroChina aims to have oil, gas, and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts Continue Reading
India’s petrochemicals demand is expected to jump ten times by 2050, the president of India’s Chemicals and Petrochemicals Manufacturers’ Association (CPMA) said at the CPMA – Argus Petrochemical Online Forum Continue Reading
Sydney’s outbreak of delta variant cases is worsening, with new daily infections in New South Wales state passing 1,000 for the first time. India recorded the highest daily tally in Continue Reading
China’s state-run energy major Sinopec said on Wednesday it had discovered a new 100-million-tonne oil and gas field in the Shunbei area of the Tarim Basin in the country’s Xinjiang Continue Reading
Approvals for major new coal power plants by China’s local authorities show the tension in the nation’s efforts to meet climate goals, even as the overall total of projects given Continue Reading
China announced on Wednesday the discovery of a major shale oilfield in the Daqing Oilfield cluster with expected reserves of 1.27 billion tons of oil, Chinese Xinhua news agency reported Continue Reading
Seaborne metallurgical coal prices hit an all-time high of $410/mt CFR China for premium hard coking coal Aug. 25. The previous high was reported at $392.50/mt CFR China on Jan. Continue Reading
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . China’s campaign to clamp down on industries ranging from steel to education to Continue Reading
Labor shortages are materializing across China as young people shun factory jobs and more migrant workers stay home, offering a possible preview of larger challenges ahead as the workforce ages Continue Reading
The recent resurgence in Covid-19 infections in many parts of the world led not just to a slump in oil prices but growing pessimism about the prospects of oil demand. Continue Reading
India’s population is projected to grow to 1.52 billion people by 2036, expectedly surpassing China to be the world’s most populous country around 2031. Despite the fact that India’s growth Continue Reading
The Meishan terminal at China’s second-busiest port reopened Wednesday following a two-week shutdown that further snarled already stressed shipping routes in Asia. The terminal will start the resumption of normal Continue Reading
China’s liquefied natural gas (LNG) imports are expected to increase at a slower pace in the second half of the year after blistering growth over the first six months, but Continue Reading
Japan’s economic recovery will be delayed more than previously expected as the delta variant pushes up infections to record levels, according to a Bank of Japan board member. “The current Continue Reading
A new assessment by U.S. spy agencies of the origins of Covid-19 that was delivered to the White House Tuesday didn’t yield a definitive conclusion on whether the new coronavirus Continue Reading
Pioneer Natural Resources Co. , the largest oil producer in the Permian Basin, is requiring new hires to be vaccinated against Covid-19 as inoculation and mask mandates proliferate across the Continue Reading
The delta variant of Covid-19 is scything through aviation just as key markets were getting back on their feet. In the U.S., Southwest Airlines Co. is blaming the delta strain Continue Reading
Protection against COVID-19 offered by two doses of the Pfizer/BioNTech and the Oxford/AstraZeneca coronavirus vaccines begins to fade within six months, underscoring the need for booster shots, according to researchers Continue Reading
Less than a month into a COVID-19 vaccine booster drive, Israel is seeing signs of an impact on the country’s high infection and severe illness rates fuelled by the fast-spreading Continue Reading
One of this year’s hottest commodities is flaming out. The price of iron ore has fallen roughly 40% since mid-July on concerns about demand from China, which makes more than Continue Reading
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the second quarter of this year from a year earlier, outpacing China’s Continue Reading
Oil stored in ships has been stacking up off key Asian ports as a crackdown in China on private crude oil processors has blunted purchases and disrupted flows, including some Continue Reading
Ships have resumed berthing operations at a halted container terminal in Ningbo, China, adding to optimism that full activity at one of the world’s busiest ports will be restored shortly Continue Reading
Delta variant, slow vaccination catch much of region off-guard Asia q/q profit likely 1st fall in 6 quarters in July-September SE Asia July factory activity fell fastest since June 2020 Continue Reading
Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the damage. Record-breaking rainfall in the central province of Henan killed Continue Reading
The U.S. gave full approval for use of the Covid-19 vaccine from Pfizer Inc. PFE 2.48% and partner BioNTech SE BNTX 9.58% Monday, a move quickly followed by announcements from the Pentagon, the New York City school district and others that Continue Reading
Oman has signed a land reservation agreement for a green hydrogen and ammonia project that Indian company ACME aims to set up in the Special Economic Zone at Duqm, Oman’s Continue Reading
A third dose of Pfizer (PFE.N) ‘s COVID-19 vaccine has significantly improved protection from infection and serious illness among people aged 60 and older in Israel compared with those who Continue Reading
Chinese investors see potential for further gains in companies making equipment needed to produce or use green hydrogen, a clean energy source most governments are betting will help them meet Continue Reading
Oil and gas production from India’s northwestern state of Rajasthan—home to the country’s single biggest oil and gas deposit—has slumped by 40 percent over the past two years, mostly due Continue Reading
